I think you have things a bit backwards, Seven.
AMD's are actually more efficient because their pipeline is much shorter than the typical Intel processor.
With each and every new P4 (Willy, Northwood, Prescott, etc.) Intel continues to lengthen the pipeline as it seeks to create faster and faster processors. Coincidentally, it takes newer P4's greater increases in clock speeds before their features such as increased cache size are notable. It is for this reason that Prescotts generally do not shine until they reach above 3.6-3.7 Ghz.
Think about it as two highways:
The AMD highway is much shorter than that of the Intel. Because the highway is so short, it takes less time for a car to travel the full distance of the highway; hence, there is less of a need for the highway to be very long.
The Intel highway, on the other hand, is much larger than that of the AMD highway. This can be represented by their clock speeds. However, given that the highway is much longer, it takes a car longer to reach the full length of the highway than that of a comparable AMD. It is for this reason why it requires much higher frequencies for an Intel processor to equal that of an AMD (and vice versa).
I appreciate your thought on the matter, but it helps if you have the basics down pat.
Oh, and I'm not a fanboy, either.
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